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Forex traders said the increase in capital gains tax and removal of indexation benefits announced in the FY25 Budget on Tuesday was the main reason for dollar buying as foreign investors sold stocks.
Anil Kumar alias Jayakumar broke open a house at Kavil Kadavil and decamped with dollar notes and silver jewellery on May 18.
Sustained foreign fund outflows and firm crude oil prices further dented investor sentiments, forex traders said.
The domestic currency had last closed at the 83-mark on October 19, 2021.
The Fed Chairman, Jerome Powell was quoted as saying by reports that the bank is firmly committed to lowering inflation.
Elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit.
The charge sheet says he passed over intelligence secrets to Swapna Suresh.
The rupee closed at 79.9625 per US dollar, down from 79.8650 in the previous session.
During the day the local unit witnessed an intra-day high of 79.86 and a low of 79.92 against the American currency.
Global risk aversion has led to rupee depreciation against the dollar.
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